Honeywell's PKS Finds Taker - Analyst Blog

By: Zacks.com

Posted: 8/21/2013 10:24:00 AM

Referenced Stocks: EU;FSS;HON;ITT;UTX

Honeywell International Inc.
(
HON
) recently announced that Antipinsky Refinery CJSC will use its
Experion Process Knowledge System (PKS), which provides
information about refinery operations. Antipinsky will be
deploying the system to control plant processes and general
refinery facilities. Experion PKS is to be deployed during the
third stage of construction of Antipinsky oil refinery.

The new construction is likely to double the refinery's capacity
to 7.5 million tons annually and catch up with the growing demand
for clean fuels and other oil products in Russia and the European
Union (EU). Also, demand for Antipinsky Refinery products
throughout Russia and the EU is moving higher. The products
produced from the Antipinsky Refinery next year will comply with
the EU quality of the Euro-5 emission standard. In addition, this
project also includes the construction of a water treatment
plant, sewage treatment plant, steam generation plant and other
general refinery facilities with construction expected to be
complete by the end of this year. Also, Honeywell will open a new
office in Tyumen, Russia, which will serve oil and gas customers
in Western Siberia.

With the adoption of Honeywell's PKS system, the operators will
be able to manage the refinery in a more efficient way, improve
operational flexibility, take informed decisions and resolve the
challenges that the plant faces. The advanced automation system
by Honeywell is likely to improve the overall productivity of the
plant and at the same time ensure the safety and security of
employees.

Honeywell is a global diversified technology and manufacturing
company with a wide range of aerospace products and services,
control, sensing and security technologies for buildings, homes
and industry, turbochargers, automotive products, specialty
chemicals, electronic and advanced materials, process technology
for refining and petrochemicals, and energy efficient products
and solutions for homes, business and transportation. In the last
reported quarter, Honeywell reported revenues of $9.7 billion, up
2.7% year-over-year.

Honeywell currently has a Zacks Rank #3 (Hold). Other stocks
that look promising in the industry and are worth a look now are
ITT Corporation
(
ITT
),
Federal Signal Corp
. (
FSS
) and
United Technologies Corp
. (
UTX
), each carrying a Zacks Rank #2 (Buy).